tv Business Deutsche Welle February 13, 2020 6:15pm-6:31pm CET
it meant the club could no longer work with a 55 year old in any capacity. says d w a flight from bali i've next business news africa with get hotter well 1st i'll have more world news of the top of the hour in the meantime of course there's always the websites you know we don't call somebody. earth. home to observe species. home worth saving. those are big changes and most start with small steps. 2 years tell stories of creative people and innovative projects around the world. like music critic who claims to screen image submissions and the 1st edition. to create interactive content teaching the next generation took such action.
using the channels available to people to take action and more determined to build something here for the next generation bloom as the environment series of global 3000 on t.w. and online. delivers his 2nd state of the nation speech last year he promised south africans to clean up. $100000000000.00 of investment over the country and slash unemployment as he delivered. the bad boss fails to profit from boeing 737 prices and books that are going to last for 29 teams 3600000000 euro corruptions penalty has finally hit the ball some possible some live hot and the alligator. the bribery
keep coming. in business business africa update on african and global business affairs on the double as welcome and we start in the south africa where several roma addressed the nation today in his annual state of the nation speech has been in power for 2 years spectator well high after a period of stagnation under his predecessor who led south africa into a deep crisis in his state of the nation speech one year ago pose a promise a lot he pledged to restructure and clean up the state owned power utility eskom energy supplies of africa is notoriously unreliable not much has changed and to boost the economy iraq bowser promised to attract investments of $100000000000.00 u.s. dollars but how exactly intended to achieve that he left unclear investment should have also helped run pent unemployment but that still stands as a staggering 28 percent with no improvement inside
a particularly tricky issue is land reform pose a promise to new laws to this process that landowners without compensation today many south africans are skeptical about the achievements of the president so far our correspondent adrian krishna took the temperature in cape town. tuesday afternoon in cape town celebrations 30 years after the release of nelson mandela with the last big public appearance for presidents to iran of course are but even here the celebrations were overshadowed by the mess of challenges off the country. this stage of the corner meaning the higher levels of unemployment the social was wreaking havoc in our communities the shameful to move women and girls the sanction of corruption and abuse of public funds have led to the. trust deficit
with our citizens. south africans are divided over a strict record. i don't even need to question if he knows to look at the poor. educated look at. the unemployment look at the best he could know before the country. to question him well i think that he still has a long way to go he needs to go back to this i'm sick and tired of all this rainbow nation. propaganda being shoved down when in reality 30 percent of black south africans living extreme poverty and poverty and i think the state of the nation address is going to be a continuation of serial showing us that he has no idea what he's doing every time is a new new scandal is a new corruption charge he just smiles and says is a new one coming and we waiting for the new do and they do then you do not when
president obama took office 2 years ago many people will see mystic that he would do things differently he openly analyzed the problems of the country and made promises to address them but still many people here haven't seen any drastic changes yet so they want to see facts and figures and for the president to walk his talk. from. the state of the nation economically speaking is pretty dire in terms of what he promised last year or does he deliver. well you know you did promise of a lot and mainly economically he was looking actually job creation now you have these 2 initiatives that he started out into internet implemented last year in 2019 they yes summits as well as the job summit is not a guess is that you can swim and service and they basically look at bringing together the youth the disadvantaged youth to get with the private sector in order
for them to find ways to create work and create intentions and idea was to create a $300000.00 of dollars and of course you can only create about $25000.00 of those start it shows that they perhaps have an idea to add a good idea on how to do it but maybe the implementation part is where the needs to focus on to create those jobs now the other problem of course is that he did mention that you wanted to grow the economy much pasta and the population but unfortunately economy only grew at 1.3 percent meaning that most companies were struggling and most of these are small medium enterprise companies and therefore they have to close down and that is quite unfortunate but some of the things that you did do was to implemented the idea of bringing in licenses after companies in less than 6 months meaning it should take you just about one month for you to have a license in for you to operate here in south africa and one of the other good things that he did that everybody is talking about is the new appointment of the s.
can see i'm going to retire. slower from job thank you very much now with bought it at a loss of almost one and a half 1000000000 euros for last year that's 2 to a massive 5 european air space company had to pay to settle a longstanding corruption investigation on the upside of us revenues did increase. in 2019 airbus should have been flying it hadn't posted a loss for a decade and boeing 737 mac's crisis saw the european company saw to become the world's biggest plane maker but instead sank to a disappointing annual loss the question is why. well for one thing problems delivering its a 400 m. military transport hit the company to the tune of 1200000000 euros it also struggled with production delays elsewhere but never see exact speaking on thursday
it knew the biggest factor driving their company into the red was a great form of corruption. each final agreement with the french authorities. investigations into office we have agreed to pay. $3600000000.00 euros plus interest and costs this is the price to pay to turn the page on the practices and move forward the practices for years referring to the bribing of public officials around the world in order to secure contracts us was accused of corrupt activity in at least 20 countries between 2004 and 2016 following a 4 year investigation it agreed to pay the fines approaching $4000000000.00 euros . there may still have been smiles the tempest is results announcement on thursday after all if you ignore the fines the company was safely in the black last year but
a scandal that once resulted in the resignation of your entire management team is a difficult thing to ignore. so corruption is costing us big and even though one case may be settled the story is not over embattled colombian flack area of young is also investigating its relationship without trust to determine if it had been involved in past wrongdoing on wednesday columbia's attorney general search the offices and said the search may also provide information for the probe with me in the studio. as to what corrupt countries and how many of them happen to be in africa we rarely talk about companies actually pay these bribes my question is if huge company like us pays bribes they step lawyers and all that there's surely no if they get caught is going to be expensive they still pay them why well apparently they think that it's worth the risk ahead and it's important to remember
that airlines have a very juicy position for manufacturers like air boards or boeing that are in and out. war to win over customers because once an airline settles for one or the other provider let's say it's basically. it's very likely that they will continue to buy from that same provider because switching for example from airbus to boeing requires retraining pilots reprinting manuals rearranging facilities retraining technicians it's costs that airlines want to avoid so in this case even though we're seeing a short term consequence by the fines that we're seeing it seems like in the long term it will still benefit airbus to have that client set forth. might actually still pay off to pay bribes how widespread is corruption in the aviation industry what do you think i would say that it is quite a dirty industry we have seen different cases of bribes and corruption arrangements with governments with aviation authorities because airlines 1st of all are highly political many of them started as national carriers they are very important to the
geopolitical strategy as of countries the industry is also very profitable an airplane a small $1.00 costs about $110000000.00 so just imagine what amounts we're talking about to get us thank you very much. cameroon has banned all food products from china because of the spread of the new coronavirus the covered 19 chinese authorities have yet to confirm if wild meats could be responsible for covert 19 but it's not the 1st time bush middle game has been linked to an epidemic. the bustling market of douala there's plenty of local bush meat for sale yet the meat often comes from protected species authorities of warned against eating meats unseeable a pandemic in 2013 that's after suspicions that it could be a source of infection. this stallholder still sells game but he isn't worried about
the meat hosting dangerous viruses. ask the government to tell us what the source of this virus is because here we sell meat to make a bit of cash to feed our families and i don't think there's any problem if there is the state should come and tell us who's affected what is it like you think it is . and officials say they're doing what they can to protect the country from the covert $900.00 virus especially when it comes to checks the borders. with the. ministry of livestock and animal husbandry has taken precautions since the covert 1000 outbreak stems from meat and fish markets in china we have taken steps to ensure that all food products from china such as meat and fish are suspended from entering cameroon. who more or less is the. an outbreak would pose a shoot challenge to the health system in cameroon and it's the same for many other
african countries the stallholders here are continuing as usual after old meat from wild animals remains popular. said from the business to nearer to w. more business news and lots of background on our website of course on. business also do follow us on facebook and twitter if you don't already do now stay tuned for the news africa will presume on up next with updates on world markets there's a question.
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want to reach all those woman back home who are bones by their duties and social goals and informed of oded b.c. writes my name is the about of the hook and i warn you to. remember that. this is. coming up in the next 15 minutes mass mobilization in malawi thousands have taken to the streets demanding the country's election commission have to be sacked this court upheld a ruling to cancel the results of last may's poll we'll get a report from a long way. and will take you to a far east in kenya where women are earning a livelihood farming as a flight it's also saving the environment. they're trying to keep you here.